12-29-2021: More Employers Are Putting 401(k) Savings On "Autopilot"
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 30 December 2021
⏱️ 48 minutes
🧾️ Download transcript
Summary
About 62% of businesses with a 401(k)-plan used automatic enrollment in 2020, up from 60% the year prior and 46% a decade ago.
Today's Stocks & Topics: Roth 401k, RKT - Rocket Cos. Inc., Green Energy and Inflation, Bank Circulation, Options, WM - Waste Management Inc., LICY - Li-Cycle Holdings Corp., BBDC - Barings BDC Inc., LUMN - Lumen Technologies Inc., VALE - Vale S.A. ADR, BMY - Bristol Myers Squibb Com, COKE - Coca-Cola Consolidated Inc.
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Transcript
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| 0:00.0 | Now, I'm this and Vest Talk podcast. Justin Klein listens to your questions. |
| 0:08.0 | Hey guys, I love your show. I've been listening for several years now and I've learned a lot. |
| 0:13.0 | I have a question for you. We own Bristol Myers Squibb and BNY. |
| 0:17.0 | I had it almost three years just wondering if we should sell it and move on to something that would do a little bit better. |
| 0:23.0 | Thanks. |
| 0:24.0 | And provides unbiased answers. |
| 0:26.0 | I'm not a huge fan of Bristol Myers and it's a lot of the large former companies in their patent cliffs. |
| 0:35.0 | So I do think that you're going to need for Bristol Myers to execute on his patent pipeline and that's a big what if. |
| 0:44.0 | In Vest Talk, over 37 million downloads and counting across America and around the world, your participation makes it unique. |
| 0:55.0 | 888-99 charts. |
| 1:01.0 | This podcast is produced by KPP Financial, Steve Peasley President, KPP Financial, Independent Thinking, Shared Success, and out today's podcast. |
| 1:15.0 | Good afternoon fellow investors and welcome to Vest Talk. |
| 1:25.0 | This is the December 29th, 2021 edition of Vest Talk. |
| 1:31.0 | And we are through almost the entire year, just one more trading day left in the year. |
| 1:39.0 | And then we're on to New Year's Day and 2022, which is likely to bring more challenges, more volatility, and a different market regime, which we're kind of seeing, like I said before. |
| 1:54.0 | Now we're going to have some great best of color question show for you on Friday, so make sure to check that out that I'll be here today and tomorrow. |
| 2:04.0 | Now the calendar year will still soon say 2022 and that means you should probably reassess your strategy, your overall asset mix, your risk profile. |
| 2:18.0 | And think about should you be increasing risk decreasing risk in relation to your overall goals. |
| 2:27.0 | A lot of times, if you have enough money, that means lowering your risk profile. |
| 2:32.0 | If you have a ways to go and you play a bit catch up, well, it's about taking risk, but doing it in a smart way, in the right way, based on the economic backdrop, and the opportunities. |
| 2:48.0 | And sometimes that opportunity is to unload positions that are likely to struggle. |
| 2:55.0 | Even though you may love the company, you may love the idea, you may love the story. |
... |
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